Nigeria: Presidency Attacks HSBC Over Prediction Buhari’s Re-Election Could Stunt Economy


The Nigerian Presidency has reacted furiously after British multinational bank, HSBC, issued a confidential business intelligence predicting reelecting President Muhammadu Buhari in 2019 could plunge Nigeria into deeper economic hardship.

In a July report recently cited by the Nigerian media, the bank had said a second term for Mr Buhari would greatly stunt the economic development of the country.

In a statement Saturday, the Presidency accused the bank of thriving on “grand corruption” and helping past and present Nigerian leaders launder billions of naira.

Read the full statement signed by presidential

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